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| Tarion |
When you purchase a pre-construction condominium, you typically do a Pre-Delivery Inspection around 30 days before you take possession and receive your keys from the builder.
During the inspection, you will meet with the builder's rep to flag any damage inside the unit and the builder will fix these items before occupancy.
You will be given information for items that need to be repaired under the Tarion New Home Warranty. The Warranty has a 1 year portion, 2 year portion and a 7 year portion.
Here's what's covered:
1 Year:
- defects in workmanship and materials
- defects that cause the building to be unfit for habitation
- Ontario Building Code violations
- Major structural defects
- Unauthorized substitutions
2 Year:
- water penetration through the basement or foundation
- water penetration through the building envelope
- defects in the electrical, plumbing and heating delivery and distribution systems
- detachment, displacement or deterioration of the exterior cladding
- violations of the Ontario Building Code that affect health and safety
- major structural defects
7 Year:
- the seven year warranty provides coverage for major structural defects, and is outlined in Tarion's 'Bulletin 24"
- defects that result in failure of a load-bearing portion of the building or materially and adversely affects it's load-bearing function
- defects that materially and adversely affect the use of the building for the purpose of which it was intended
